Global floating production market forecast to exceed $85 billion

Infield Energy Analysts forecast that over the period 2009 through to 2013, the total global floating production systems market will exceed $85 billion, an increase of $32 billion over the previous five years.

Offshore staff

LONDON -- Infield Energy Analysts forecast that over the period 2009 through to 2013, the total global floating production systems market will exceed $85 billion, an increase of $32 billion over the previous five years. Over the period, 229 units are expected to be installed, with Asia (61) leading the way and Latin America (46) and Africa (43) following.

Petrobras is the most active player with expected $15-billion expenditure, followed by Total, Chevron, Shell, ExxonMobil, and BP. FSPOs will command the majority of the spending with $48.6 billion, of which 45% will be newbuilds and 55% conversions, Infield says.

03/31/2009

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